Cree (NASDAQ:CREE) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. Cree has set its Q1 2020 guidance at $0.03-0.07 EPS and its Q1 guidance at ($0.07)-(0.03) EPS.Parties interested in listening to the company’s conference call can do so using this link.
Cree (NASDAQ:CREE) last issued its quarterly earnings data on Tuesday, August 20th. The LED producer reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). The firm had revenue of $251.00 million for the quarter, compared to analysts’ expectations of $248.95 million. Cree had a positive return on equity of 1.23% and a negative net margin of 27.86%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 EPS. On average, analysts expect Cree to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of CREE stock opened at $44.89 on Wednesday. The stock’s 50-day moving average is $47.96 and its two-hundred day moving average is $56.52. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 124.69 and a beta of 0.91. Cree has a 1 year low of $34.52 and a 1 year high of $69.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.57 and a current ratio of 5.27.
CREE has been the topic of several research reports. BNP Paribas initiated coverage on Cree in a report on Thursday, August 29th. They set an “underperform” rating and a $40.00 price objective on the stock. Piper Jaffray Companies lowered Cree from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $57.00 to $38.00 in a report on Monday, August 26th. Wells Fargo & Co started coverage on Cree in a report on Friday, October 11th. They set a “market perform” rating and a $50.00 price target on the stock. BMO Capital Markets lowered their price target on Cree from $55.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, August 21st. Finally, JMP Securities lowered Cree from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.91.
Cree, Inc provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. It operates in three segments: Wolfspeed, LED Products, and Lighting Products.
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